Ukraine is reportedly preparing to present a $20 billion debt restructuring proposal to its bondholders by early May, according to sources familiar with the matter. The proposal is expected to be a significant move by Ukraine as it seeks to address its mounting debt obligations.
The country's plan to rework its bonds comes as it grapples with a challenging economic situation exacerbated by the ongoing conflict with Russia. Ukraine's economy has been under strain due to the conflict, as well as the impact of the COVID-19 pandemic.
